Color Star Technology Co., Ltd. (NASDAQ:ADD) Sees Large Increase in Short Interest

Color Star Technology Co., Ltd. (NASDAQ:ADD) was the recipient of a large increase in short interest during the month of September. As of September 30th, there was short interest totalling 2,060,000 shares, an increase of 49.3% from the September 15th total of 1,380,000 shares. Approximately 3.9% of the shares of the stock are short sold. Based on an average trading volume of 2,990,000 shares, the days-to-cover ratio is currently 0.7 days.

Color Star Technology Price Performance

Shares of NASDAQ:ADD opened at $0.18 on Friday. Color Star Technology has a 12 month low of $0.17 and a 12 month high of $1.85. The company’s 50-day moving average price is $0.81 and its two-hundred day moving average price is $0.43.

About Color Star Technology

Color Star Technology Co, Ltd., an entertainment and education company, provides online entertainment performances and music education services in the United States and China. The company operates Color World, an online platform of curriculum that includes music, sports, animation, painting and calligraphy, film and television, life skills, etc.